Trainline (LON:TRN) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Trainline (LON:TRN) in a report released on Thursday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 421 target price on the stock.

A number of other research firms also recently weighed in on TRN. JPMorgan Chase & Co. lifted their price target on shares of Trainline from GBX 320 to GBX 325 and gave the company a “neutral” rating in a research report on Friday, September 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 price objective on shares of Trainline in a report on Thursday, September 11th. Shore Capital restated a “buy” rating on shares of Trainline in a research report on Wednesday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 460 price target on shares of Trainline in a research note on Wednesday. Finally, UBS Group reiterated a “buy” rating and set a GBX 465 price objective on shares of Trainline in a research note on Friday, September 5th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 434.20.

Trainline Trading Down 1.8%

Shares of Trainline stock opened at GBX 264.40 on Thursday. The company has a debt-to-equity ratio of 49.07, a quick ratio of 0.52 and a current ratio of 0.68. The firm has a 50-day moving average of GBX 269.89 and a 200-day moving average of GBX 272.94. Trainline has a 52-week low of GBX 246.80 and a 52-week high of GBX 452.40. The stock has a market cap of £1.05 billion, a PE ratio of 20.88 and a beta of 1.64.

Trainline (LON:TRN) last released its quarterly earnings results on Wednesday, November 5th. The company reported GBX 12.58 EPS for the quarter. Trainline had a net margin of 8.57% and a return on equity of 10.88%. As a group, sell-side analysts forecast that Trainline will post 16.8458781 EPS for the current year.

Trainline announced that its Board of Directors has authorized a stock repurchase program on Thursday, September 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Trainline Company Profile

Trainline’s ambition is to bring together rail, coach and other travel services into one simple mobile experience so travellers can easily find the best prices for their journey and access smart, real-time travel information on the go. By making rail and coach travel easier, our aim is to encourage people all over the world to make more environmentally sustainable travel choices.